16th August GBPUSD Market Analysis: The GBP/USD pair rose during - TopicsExpress

16th August GBPUSD Market Analysis: The GBP/USD pair rose during the session on Thursday, breaking above the 1.55 handle again. That being said, looks like were heading towards the 1.5750 level, and as a result we can expect this market to continue going higher. Short-term pullbacks will be buying opportunities, and as a result we are going long on the short term charts. However, the 1.5750 level will certainly be a barrier that will be somewhat difficult to break above. That being the case, we are simply looking for small gains, and nothing major out of this pair at the moment.

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